<ARTICLE> 5

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          JUN-30-2001
<PERIOD-START>                             JUL-01-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                      22,566,815
<SECURITIES>                                 2,505,216
<RECEIVABLES>                                   11,055
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            22,704,291
<PP&E>                                       1,234,866
<DEPRECIATION>                                 198,550
<TOTAL-ASSETS>                              27,674,118
<CURRENT-LIABILITIES>                          624,835
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       174,141
<OTHER-SE>                                  26,573,050
<TOTAL-LIABILITY-AND-EQUITY>                27,674,118
<SALES>                                          8,239
<TOTAL-REVENUES>                                 8,239
<CGS>                                            1,678
<TOTAL-COSTS>                                3,476,396
<OTHER-EXPENSES>                               626,634
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                             (4,096,469)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         (4,096,469)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (4,096,469)
<EPS-BASIC>                                      (0.24)
<EPS-DILUTED>                                    (0.24)